Fed Chair Powell: It's Premature to Talk About Pausing Rate Hikes

The speaker discusses the premature nature of pausing rate hikes, emphasizing the need for ongoing rate increases to reach a sufficiently restrictive level. There is uncertainty about the exact level needed, but updates to economic projections will be made based on incoming data.

What is the speaker's view on pausing rate hikes?

What does the speaker suggest about the current policy regarding rate hikes?

How does the speaker describe the level of restrictiveness needed?

What does the speaker indicate about the uncertainty of the economic projections?

What is expected to be updated in the December meeting according to the speaker?